Supplementary Product Disclosure Statement - AAMI

Fire and Theft Contents Insurance Policy
Supplementary Product Disclosure Statement
This is a Supplementary Product Disclosure Statement (SPDS), issued by Australian Associated Motor Insurers Limited
ABN 92 004 791 744 AFSL Number 238173.
This SPDS supplements the AAMI Fire and Theft Contents Insurance Policy Product Disclosure Statement dated 28 February 2006
(the PDS) and must be read together with the PDS and any other SPDS we may give you.
The purpose of this SPDS is to:
update information about how you can contact us;
update information regarding ‘cooling off period and cancellation’;
include information about the Financial Claims Scheme;
include information about updating the PDS.
Prepared on 25 August 2011
SPDS active 10 October 2011
Changes to the PDS
1. Delete the following paragraph under the heading ’You can contact us:’ on page 24 of the PDS:
In person: Call 13 22 44 for the address of the closest AAMI branch or customer service centre.
2. Replace the sentence ‘You can pay your premium annually by cheque, credit card, BPAY, online through AAMI e-PAY, or in
cash at AAMI Branches or Australia Post Offices’ under the heading ‘Paying your premium’ on page 26 of the PDS with the
following sentence:
You can pay your premium annually by cheque, credit card, BPAY, online through AAMI e-pay, or in cash at Australia
Post Offices.
3. Replace the section titled ‘Cooling off period and cancellation’ on page 28 of the PDS with the following:
Cooling off period and cancelling this policy
After this insurance begins or you renew your policy for another period of cover, you have 21 days to consider the
information in your PDS. This is called the ‘cooling off period’.
If you decide to cancel your policy, either during the cooling off period or at any other time, we will refund the unexpired
portion of the premium, less any non refundable government charges, and less an amount of premium (plus government
charges and fire services levy if applicable) which we keep to cover our reasonable administrative and transaction costs.
We can only cancel your policy by giving you written notice in accordance with the Insurance Contracts Act 1984.
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4. Insert the following on the inside of the back cover on page 35 of the PDS:
Financial Claims Scheme
This policy may be a ‘protected policy’ under the Federal Government’s Financial Claims Scheme (FCS) which is
administered by the Australian Prudential Regulation Authority (APRA).
The FCS only applies in the unlikely event of an insurer becoming insolvent and the Federal Treasurer making a
declaration that the FCS will apply to that insurer.
The FCS entitles certain persons, who have valid claims connected with certain protected policies issued by that insurer to
be paid certain amounts by APRA.
Information about the FCS can be obtained from APRA at www.apra.gov.au or by calling 1300 13 10 60.
Updating this Product Disclosure Statement (PDS)
The information in this PDS was current at the date of preparation. We may update some of the information in the PDS
that is not materially adverse from time to time without needing to notify you. You can obtain a copy of any updated
information by contacting us on 13 22 44. We will give you a free paper copy of any updates if you request them. If it
becomes necessary, we will issue a Supplementary PDS or replacement PDS.
Further information
If you need more information, or if you have any questions about these changes, please phone us anytime on 13 22 44.
Or alternatively visit our website aami.com.au
Who we are
Insurance is issued by Australian Associated Motor Insurers Limited AFS Licence Number 238173 ABN 92 004 791 744 ©AAMI ®
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